The transaction represents HIG Capital's 22nd real estate investment in Europe since the start of 2013. HIG continues to add to its sizeable portfolio of real estate assets in Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small/midcap opportunities.

Riccardo Dallolio, Managing Director at H.I.G. in London commented: “This is our first investment in Norway and the second in the Nordics in the last 18 months. The Nordics market represents an important part of our European strategy and we continue to actively look at opportunities in the small/midcap sector in the region”.

Seb d’Avanzo, Principal at H.I.G. added: “This transaction further demonstrates our ability to leverage our local relationships in the Nordics by securing a portfolio of assets with solid, defensive income in place, but where we can add value through various asset management initiatives”.